Ark Restaurants Corp. Stock Forecast
Ark Restaurants Corp. stock upgraded to Sell Candidate.
(Updated on May 03, 2024)
The Ark Restaurants Corp. stock price gained 0.743% on the last trading day (Friday, 3rd May 2024), rising from $13.45 to $13.55. During the last trading day the stock fluctuated 0% from a day low at $13.55 to a day high of $13.55. The price has been going up and down for this period, and there has been a -3.21% loss for the last 2 weeks. Volume fell on the last day by -243 shares and in total, 484 shares were bought and sold for approximately $6.56 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.74% during the next 3 months and, with a 90% probability hold a price between $12.47 and $13.20 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ARKR Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.743%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ark Restaurants Corp. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $13.58 and $13.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Ark Restaurants Corp. stock
Ark Restaurants Corp. finds support from accumulated volume at $13.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.324%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARKR) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ark Restaurants Corp. to open at $13.55, and during the day (based on 14 day Average True Range), to move between $13.40 and $13.70, which gives a possible trading interval of +/-$0.150 (+/-1.11%) up or down from last closing price. If Ark Restaurants Corp. takes out the full calculated possible swing range there will be an estimated 2.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $13.45 (0.74%) than the resistance at $13.88 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ark Restaurants Corp. stock A Buy?
Ark Restaurants Corp. holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.904 Sell Candidate Upgraded
Predicted Opening Price for Ark Restaurants Corp. of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
$13.55 ( 0.00000000%) | $13.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARKR
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 13.55 | 0.00000000 % | |
R2 | 13.55 | 0.00000000 % | ||
R1 | 13.55 | 0.00000000 % | ||
Current price: | 13.55 | |||
Support | S1 | 13.55 | 0.00000000 % | |
S2 | 13.55 | 0.00000000 % | ||
S3 | 13.55 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.00 | 3.32 % | |
R2 | 13.89 | 2.51 % | ||
R1 | 13.88 | 2.44 % | ||
Current price | 13.55 | |||
Support | S1 | 13.45 | -0.738% | |
S2 | 0 | . | ||
S3 | 0 | . |
ARKR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 06, 2024 | Feb 28, 2024 | Mar 13, 2024 | $0.188 | 1.34% |
2 | Nov 08, 2023 | Nov 29, 2023 | Dec 13, 2023 | $0.188 | 1.22% |
3 | Aug 08, 2023 | Aug 30, 2023 | Sep 12, 2023 | $0.188 | 1.19% |
4 | May 09, 2023 | May 30, 2023 | Jun 13, 2023 | $0.188 | 1.01% |
5 | Feb 08, 2023 | Feb 27, 2023 | Mar 14, 2023 | $0.125 | 0.654% |
FAQ
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